GREEN ECONOMY AS A FACTOR OF SUSTAINABLE DEVELOPMENT

##plugins.themes.bootstrap3.article.main##

##plugins.themes.bootstrap3.article.sidebar##

Published: Aug 25, 2023

  Inna Tomashuk

  Vasyl Baldynyuk

  Liudmyla Boltovska

Abstract

The purpose of the article is to study the directions of development of the green economy in Ukraine as a factor of ensuring the transition to sustainable development of the country. Methodology. One of the main elements of the methodology for conducting research on the green economy as a factor of ensuring sustainable development are evaluation methods. Comparative, balance, graphic, economic-mathematical and other methods of economic justification are used in the work. The methods of systematisation and generalisation were used to study the principles of further ecologically balanced development, economic-statistical, structural-logical and analytical – for the development of methods and indicators for the analysis of the system of directions of the green economy, graphic – for the visual presentation of the dynamics of indicators of sustainable development. The results of the work show that the growth of income and employment in the green economy is guaranteed at the expense of public and private investments aimed at increasing energy efficiency, reducing the negative impacts of economic activity and increasing the diversity and productivity of the biosphere, in the interests of the entire population, especially the poorest. It is important to emphasise that the concept of the green economy does not replace the concept of sustainable development, but develops it and is a means of putting it into practice. Green development can only be ensured if environmental and economic policies are integrated in such a way that social progress, economic growth and improvement in the quality of life of the population take place against a background of reduced threats to the surrounding natural environment. Practical implications. The concept of green growth emphasises the importance of integrating environmental and economic policies in order to identify new potential sources of economic growth without placing an "unsustainable" burden on the quantity and quality of natural resources. The transition to a green economy requires the application of a wide range of measures, including economic instruments (taxes, subsidies, emissions trading schemes), government regulatory measures (setting standards) and non-economic measures (voluntary initiatives, provision of information). Value/originality. Important economic indicators of sustainable environmental and economic development are a nature-intensive economy and a structural indicator that reflects the specific weight of products and investments in the natural resource-based sectors of the economy.

How to Cite

Tomashuk, I., Baldynyuk, V., & Boltovska, L. (2023). GREEN ECONOMY AS A FACTOR OF SUSTAINABLE DEVELOPMENT. Baltic Journal of Economic Studies, 9(3), 194-206. https://doi.org/10.30525/2256-0742/2023-9-3-194-206
Article views: 480 | PDF Downloads: 235

##plugins.themes.bootstrap3.article.details##

Keywords

green economy, resources, sustainable development, environment, transformations, innovation, strategies, concepts, investments

References

Green economy. Available at: http://4ua.co.ua/ecology/rb2ad78a4d43b88421316d27_0.html

"Green" economy. Available at: https://old.livingplanet.org.ua/diyalnist/zelena-economika.html

Makovoz, O. S., & Perederii, T. S. (2018). Green economy as a guarantee of sustainable development. Available at: https://dspace.univd.edu.ua/xmlui/bitstream/handle/123456789/4372/Zelena%20ekonomika%20yak%20zaporuka%20staloho%20rozvytku_Makovoz_Perederii_2018.pdf?sequence=1&isAllowed=y

Pearce, D., Markandya, А., & Barbier, Е. (1989). Blueprint for a green economy. London: Earthscan Publications ltd.

"Green solution" of business – unity for sustainable development. Available at: http://www.gs.dp.ua/?page_id=461&lang=uk

"Green" economy. Available at: http://minpriroda.by/ru/actual/new_url_2095511547

Solosych, I. O., & Podlisnyuk, V. V. (2013). "Green economy" in the context of ensuring Ukraine's transition to sustainable development. Available at: https://nd.nubip.edu.ua/2013_6/1.pdf

Borovyk, Y. T., Yelagin, Yu. V., & Polyakova, O. M. (2020). "Green economy": essence, principles, prospects for Ukraine. The bulletin of transport and industry economics, vol. 69, pp. 75–83.

Green economy: how to strike a balance. 2021. Available at: https://ecolog-ua.com/news/zelena-ekonomika-yak-dosyagty-balansu-0

Perga, T. (2012). Green economy as a mechanism for overcoming unemployment: utopia or reality? Political management, vol. 3, pp. 92–101.

Green economy. Available at: https://uk.economy-pedia.com/11030077-green-economy

Declaration of the United Nations Conference on the Human Environment – Stockholm, June 1972, 4.

Chmyr, O. S., & Zakharkevich, N. P. (2013). "Green" economy: essence, goals and basic principles. Economic Herald of the Donbas, vol. 3 (33), pp. 54–62.

Gula, A. (2021). Green economy in Ukraine: legal aspects and prospects. Available at: https://www.businesslaw.org.ua/green-economy/

Galushkina, T. P., Musina, L. A., & Potapenko, V. G. (2017). The main principles of the implementation of the "green" economy model in Ukraine: training manual. Kyiv: Institute of Environmental Management and Balanced Nature Management.

Stepanenko, I. (2022). The world biodiesel market in 2022. APC Inform. Available at: https://www.apk-inform.com/uk/exclusive/topic/1528162

Finance for climate action. Scaling up investment for climate and development (2022). Available at: https://www.lse.ac.uk/granthaminstitute/wp-content/uploads/2022/11/IHLEG-Finance-for-Climate-Action.pdf

Declaration of the United Nations Conference on Environmental Problems (1972). Available at: https://zakononline.com.ua/documents/show/169859___169859

Tomashuk, I. V. (2017). Problems and prospects of management development of rural territories. Baltic Journal of Economic Studies, vol. 3(5), pp. 214–220. DOI: http://dx.doi.org/10.30525/2256-0742/2017-3-5-214-220

Mazur, К. V., & Tomashuk, I. V. (2019). Governance and regulation as an indispensable condition for developing the potential of rural areas. Baltic Journal of Economic Studies, vol. 5(5), pp. 67–78. DOI: https://doi.org/10.30525/2256-0742/2019-5-5-67-78

Tomashuk, I., & Baldynyuk, V. (2023). Eco-innovation as a basis for sustainable development. Three Seas Economic Journal, vol. 4(1), pp. 71–87. DOI: https://doi.org/10.30525/2661-5150/2023-1-9

Goncharenko, M., Parkhomenko, N., & Luchyn, O. (2020). "Green" economy as a direction to achieve sustainable ecological and economic development of the region. Actual problems of economics, vol. 6 (228), pp. 6–15.

Honcharuk, I. V., & Tomashuk, I. V. (2019). Economic efficiency of the energy autonomy of the agricultural sector due to the use of biofuels. Economy, finances, management: topical issues of science and practical activity, vol. 2, pp. 7–19. DOI: https://doi.org/10.37128/2411-4413-2019-2-1

Ivashura, A. A. (2022). Modern trends in the development of the green economy in the conditions of globalization and the minimalist movement : monograph. Kharkiv: KHNEU named after S. Kuznets.

Musina, L. A., Yamchuk, A. V., & Kvasha, T. K. (2012). The mutual influence of the economy and the natural environment in the modern world: politics, strategies, technologies : monograph. Kyiv: UkrINTEI.

Green economy progress measurement framework. PAGE (2017). Available at: https://www.un-page.org/green-economy-progress-measurement-framework